Thrivent Financial for Lutherans Purchases 2,808 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Thrivent Financial for Lutherans raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 89.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,945 shares of the energy company’s stock after purchasing an additional 2,808 shares during the period. Thrivent Financial for Lutherans’ holdings in Cheniere Energy were worth $1,069,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in Cheniere Energy by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after acquiring an additional 413,744 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in shares of Cheniere Energy by 9.2% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after purchasing an additional 273,588 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Cheniere Energy by 7.4% in the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after buying an additional 202,097 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Cheniere Energy by 5.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock valued at $360,259,000 after buying an additional 99,678 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Cheniere Energy by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock valued at $346,268,000 after buying an additional 240,427 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.6 %

LNG stock opened at $222.57 on Tuesday. The company has a market cap of $49.94 billion, a price-to-earnings ratio of 14.21 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The business’s 50-day moving average is $196.75 and its two-hundred day moving average is $181.64. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $225.44.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.37 EPS. As a group, analysts forecast that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LNG. Barclays lifted their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Bank of America began coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. TD Cowen increased their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Stifel Nicolaus lowered their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $212.89.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.